Do any prop shops/firms have an edge?

[zdreg]

[

What?

No, the stocks that go up big time will bankrupt you.

Depends on your basket. Generally speaking it is a loosing strategy because of too many friction costs.

 

[zdreg]

Are there any traders who achieve consistency by reading books?

The answer is yes as long as the books have nothing to do with trading.

 

[sandy_s]

Are there any traders who achieve consistency by reading books?

May be you shd write a book about trading when you are not trading or posting in ET

 

[traider]

Are there any traders who achieve consistency by reading books?

Reading books is better than nothing when you have nobody to guide you. There is a ton of junk out there though.

 

[wmwmw]

I heard a lot of stories about traders who gave up hope for consistency, so who retired and wrote books.
Jesse Licermore, wrote books only after his bankruptcy.

 

[zdreg]

I heard a lot of stories about traders who gave up hope for consistency, so they retired and wrote book

"Those who can do. Those who can't teach. "
Ernest Hemmingway

 

[2rosy]

Are there any prop shops/firms that do more than just provide capital?

infrastructure, credit lines, access to multitude of products, reduced fees. Some firms provide so much that you never hear of employees leaving and starting their own firm

 

[Tradex]

Jesse Licermore, wrote books only after his bankruptcy.

Yes, but only because his son gave him the idea.

In any case the only book Jesse Livermore wrote was "How To Trade In Stocks" (published in 1940).

It received very little attention, due to World War II.

 

[Tradex]

But what confuses me is his usage of magic T indicator. In those days, were the market cycles intraday that predictable?

Good question Sandy_s.

You can find more additional information and facts about the "Magic T" indicator here:
https://mrtopstep.com/magic-t-theory/

 

[sandy_s]

Reading books is better than nothing when you have nobody to guide you. There is a ton of junk out there though.

Good question Sandy_s.

You can find more additional information and facts about the "Magic T" indicator here:
https://mrtopstep.com/magic-t-theory/

Thanks Tradex.

This will be an interesting read for me.